Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors. His Bitcoin journey started with an investment back in 2012, and by 2013 he had included Bitcoin in his hedge fund, general fund, private account. At one point, he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years, adding that it will reach a price of $1 million by 2037. He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
Topic: Have anyone come across this? Whether it is a true currency or fake one....? (Read 454 times)
December 29, 2020, 02:23:01 PM
January 24, 2020, 08:06:42 AM
I haven't seen such money with large denomination. There is just a lot of zeros but it does not mean that it has a high value just like what you imagined. Not all currency has the same value. There are also other countries with this kind of currency. The value of their currency is much lower compared to the value of usd. But that friend of yours who said that its value is higher than Bitcoin, he's definitely wrong about that.
Just because there's a lot of zeroes on your banknote doesn't mean it has a high value. Most probably these banknotes are from a country whose economy is hyperinflated for them to print a banknote with that amount. Besides the country where the currency came from no longer exists so I don't see the reason why this is even debated. 
January 24, 2020, 07:51:21 AM
Wow, I played a lot with those back in the day. Those were the former Jugoslavia currency called dinar.
They were so denominated that when a friend's father came back from Jugoslavia, he gave away to all the kids in the neighborhood some bank notes just to play with. They had like 0 value, especially those with Nikola Tesla on them, I had a blue ones.
Found one
They were so denominated that when a friend's father came back from Jugoslavia, he gave away to all the kids in the neighborhood some bank notes just to play with. They had like 0 value, especially those with Nikola Tesla on them, I had a blue ones.
Found one
January 24, 2020, 05:29:59 AM
I haven't seen such money with large denomination. There is just a lot of zeros but it does not mean that it has a high value just like what you imagined. Not all currency has the same value. There are also other countries with this kind of currency. The value of their currency is much lower compared to the value of usd. But that friend of yours who said that its value is higher than Bitcoin, he's definitely wrong about that.
January 24, 2020, 01:57:52 AM
This is my first time of seeing this large sum of currency denomination and the type of currency. This any way cannot be compared to some top shitcoins let alone Bitcoin because the larger the denomination implied that the said currency has no value.
Going through the thread it is clear most of the users seeing such a big numbered denomination for the very first time. More the denomination more will be the inflation of the currency which is being experienced on economic collapses faced by different countries around the world. Also this can not be compared with bitcoin which is completely different by its functioning. January 23, 2020, 01:56:08 PM
This is my first time of seeing this large sum of currency denomination and the type of currency. This any way cannot be compared to some top shitcoins let alone Bitcoin because the larger the denomination implied that the said currency has no value.
January 23, 2020, 11:03:55 AM
This is more like a joke, because most likely this banknote is worth no more than a few dollars.
January 23, 2020, 07:30:50 AM
Today while making a conversation with my friend I said about bitcoin and its price in terms of USD. This was quite high and no other currency has got such a high value. To me he responded sending an image that I've posted here. He doesn't know which country this currency belongs, but he mentioned whatever the value might be surely it'll be higher than bitcoin. Have any of you knew about such currencies with such a big value.
https://i.imgur.com/nsGttE1.jpg
https://i.imgur.com/nsGttE1.jpg
That's a note from the hyperinflation era in Yugoslavia. The biggest note was 500 billions
, you can still find the set for sale, but includes around 50 notes and is sold for like 20 bucks. So, worthless.Maybe your friend bought it from a crook and realized it's worthless and now tries to sell it too. Don't buy it!
January 23, 2020, 07:14:57 AM
It seems that most user here do not determine what currency is that. I also tried to do some research but I also can't find the same currency as this. And, if this is real or a currency in a certain country, there should be a name of this currency pointing the country it belongs. If there is no such thing indicated, it means that this is fake and have no value at all.
January 22, 2020, 09:27:27 PM
This is very funny. He actually picked up a printed paper and sent it to you and you think it is true. This doesn't look real. I was actually expecting to see Zimbabwe dollars 
so that I can tell you the price equivalent in dollars are shit
so that I can tell you the price equivalent in dollars are shit January 22, 2020, 05:48:58 PM
Well, the numbers of zeros after a currency does not make it worth anything. since the country is not mentioned, then its value cannot be determined, but I am yet to see any fiat than can compete with the Bitcoin at the moment and in the future.
January 22, 2020, 05:46:32 PM
Today while making a conversation with my friend I said about bitcoin and its price in terms of USD. This was quite high and no other currency has got such a high value. To me he responded sending an image that I've posted here. He doesn't know which country this currency belongs, but he mentioned whatever the value might be surely it'll be higher than bitcoin. Have any of you knew about such currencies with such a big value.
I have never seen a currency with that kind value and I thought the highest value that was printed was 10 million in the old Japanese era and we called it mickey mouse money and that was during the Japanese occupation of our country, that money is now a collector's item because I read that it does not have value anymore.
January 22, 2020, 05:25:17 PM
I've been thinking about it and googling. So, it's Yugoslavian. For now Yugoslavia is Slovenia, Croatia, Bosnia and Herzegovina and Macedonia.
January 22, 2020, 04:42:02 PM
How much of that currency can purchase a ounze of Gold? Most of these came due to greediness of politicians, they thought they could get easier way to carry their fund around in a smaller package, they gradually put too much fund in circulation with extravagant lifestyle. there-bye increasing the money in circulation and purchasing power reduces. Bitcoin cant always rescue such incompetence and no simple way of handling inflation.
January 22, 2020, 04:21:06 PM
Wat? You say it is your friend who sent it to you and he does not know where this note from?! It's written "Yugoslavia" there. Doesn't your friend know to read? I have the same note at home, BTW, for memories. The point here is about hyperinflation, but not about some huge price of the national crypto 
Bitcoin will never be performed in banknotes, so we do not need to think about such silly things.
Bitcoin will never be performed in banknotes, so we do not need to think about such silly things.
January 22, 2020, 02:58:40 PM
Lol. That is not worth anything near a bitcoin. Whoever lets you buy a bitcoin for that is an idiot. What even makes him that it is worth anything? You do not get notes that large and for good reason. Imagine dropping that note out of your pocket?? It is a small fortune you just lost. People can be ok with $100 falling out their pocket but $8.5k? I don't think so. Whatever that currency itt is nor worth much. That us a lot of 00000's
January 22, 2020, 02:35:22 PM
I've thought different stuff, and now I guess that Lucius is the closest, and the reason that there's 'Yugoslavia' written right on the banknote after the country was no more is that Serbia and Montenegro union had carried this name for a while (which is of course rather confusing).
In any case, this is a banknote with 50 million dinars (sounds like somebody had a hyperinflation), so it would not be fair to compare it with a single Bitcoin (I mean if we make comparisons, it should be 1 dinar vs 1 BTC), but even though I can't find the exact historical data, it seems to me that this is way less than Bitcoin.
In any case, this is a banknote with 50 million dinars (sounds like somebody had a hyperinflation), so it would not be fair to compare it with a single Bitcoin (I mean if we make comparisons, it should be 1 dinar vs 1 BTC), but even though I can't find the exact historical data, it seems to me that this is way less than Bitcoin.
This is not about any Yugoslavia currency, because by the year on the banknote (1993), that country no longer existed. Between June 1991 and April 1992, four republics declared independence (only Serbia and Montenegro remained federated). It means that it is a Serbian-Montenegrin dinar, which can only have collectible value (if any).
I'm surprised the OP failed to connect the year and the Cyrillic alphabet, and the name of the Serbian capital.
It was easy for me to at least know it's related to Serbia, but I guess it really depends on whether you read Cyrillic or not I'm surprised the OP failed to connect the year and the Cyrillic alphabet, and the name of the Serbian capital.
January 22, 2020, 09:56:42 AM
There are many "0" on it but i think its value compare to BTC is very low. The most valuable fiat now is not more than x3 usd value.
The country on the note is already gone, pretty much comparing an existing currency with a dead one is pointless so I don't see why he would do that. Moreover, value isn't stated by how many zeroes there are on your money. It's how much stuff you can buy with a single piece of note that counts. And if I'm not mistaken, that pretty much costs more like 200 dollars or so. Bitcoin still has the upper hand. 
January 22, 2020, 06:38:33 AM
This is not about any Yugoslavia currency, because by the year on the banknote (1993), that country no longer existed. Between June 1991 and April 1992, four republics declared independence (only Serbia and Montenegro remained federated). It means that it is a Serbian-Montenegrin dinar, which can only have collectible value (if any).
I'm surprised the OP failed to connect the year and the Cyrillic alphabet, and the name of the Serbian capital.
I'm surprised the OP failed to connect the year and the Cyrillic alphabet, and the name of the Serbian capital.
January 22, 2020, 01:42:57 AM
If i'm not wrong that is Yugoslavia paper money and suposed to be after this country breakup then their currency cannot be used anymore and if he says it have higher value than bitcoin value then he clearly wrong about it however i assume your friend know nothing because with showing the currency which cannot be used anymore to compared with bitcoin it showing he doesn't know bitcoin
That's right, this is Yugoslavia banknotes and the exchange rate is very low compared to the US dollar, as far as we know there isn't a fiat currency that exceeds the current price of bitcoin. maybe the person doesn't know about and the price of bitcoin so he confidently says that the price of paper money exceeds the price of bitcoin.
Jump to: